Taking risk away from risk taking: decision insurance in organizations

Abstract

We present a new mechanism for encouraging risk taking within organizations that relies on the provision of decision insurance to managers. Since insurance increases the likelihood of free riding, we also introduce a technique that mitigates this moral hazard by automatically identifying the social network around the manager and using it as a monitoring… (More)

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Cite this paper

@inproceedings{Hogg2006TakingRA, title={Taking risk away from risk taking: decision insurance in organizations}, author={Tad Hogg and Bernardo A. Huberman}, year={2006} }